Hi everyone happy Thursday. Today I wanted to share with you a dividend increase I received at the end of April. On April 26th Johnson & Johnson announced that they are raising their dividend by 7.1%.
What is Johnson & Johnson?
Johnson & Johnson manufactures health care products and provides related services for the consumer, pharmaceutical, and medical devices and diagnostics markets. The Company sells products such as skin and hair care products, acetaminophen products, pharmaceuticals, diagnostic equipment, and surgical equipment in countries located around the world.
Source : Bloomberg
As mentioned above the dividend is rising 7.1%, the per quarter pay out will now be $0.90 per share compared to $0.84. The new dividend will begin on June 12th this year.
I bought my first shares of Johnson & Johnson this year, and I currently own 16 shares. With the rise of the dividend my income will increase $3.84 USD or $4.94 CDN.
This is the first of hopefully many dividend increases I will receive from this excellent company.
Congrats to all of the other shareholders who received this raise.